BT to buy Singapore’s Frontline for $140 mn

Industry:    2016-04-03

BT to buy Singapore’s Frontline for $140 mn

BT, the UK telecom giant, will buy Singapore computer services firm Frontline Technologies for S$202 million ($139.8 million), the Singapore firm said on Wednesday.

BT will pay 24.5 Singapore cents for each Frontline share, which is a premium of 34 per cent over the company’s average share price during the past month.

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